SBA has approved 60,000 PPP loans since January 11
The Small Business Administration said Tuesday afternoon that it had approved about 60,000 Paycheck Protection Program loan applications submitted by nearly 3,000 lenders, for more than $ 5 billion since the program reopened on January 11.
In its first week, the PPP provided dedicated access to community-based financial institutions specializing in serving underserved communities, including small minority-owned and veteran-owned businesses, Monday through Thursday, joined by senior citizens on Friday. smaller lenders.
Since Tuesday, the PPP has been open to all participating lenders.
“The data from our first week, which first allowed hundreds of community financial institutions to submit applications and then opened up more broadly to small banks, shows that we have helped tens of thousands of businesses.” SBA administrator Jovita Carranza said.